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Akhtar Siddique

Deputy Director

Commercial Credit Risk Analysis Division

Dr. Akhtar Siddique is Deputy Director of the Commercial Credit Risk Analysis Division within Supervision Risk and Analysis of the Office of the Comptroller of the Currency (OCC).

Dr. Siddique helps to manage division financial economists who advise bankers, policy makers, and OCC senior management on quantitative modeling and analysis issues in commercial credit and enterprise risk modeling. Prior to joining the OCC in 2003, he taught at the McDonough School of Business at Georgetown University. He has continued to be involved in research and teaching in finance, including as a research professor at University College Dublin and a technical advisor to the International Monetary Fund, teaching short courses on subjects such as financial sector surveillance and financial development. Dr. Siddique’s research has spanned financial econometrics, financial institutions, capital adequacy, stress testing, asset pricing, corporate finance, machine learning and numerical methods/optimization. He has authored papers published in numerous peer-reviewed journals and has been cited in publications such as New York Times, Forbes and USA Today. He holds a Ph. D. in in finance from the Duke University and bachelors and master’s degree in accounting and economics from Brigham Young University.

Dr. Siddique’s research papers can be found here.

  1. Stress Testing: approaches, methods and applications, Revised Edition. Co-edited with Iftekhar Hasan. Risk Books, London 2019.
  2. Issuer Bias in Corporate Ratings towards Financially Constrained Firms with Nazmul Hasan and Nikunj Kapadia, Journal of Credit Risk, 13, 1-35, 2017.
  3. Risk and Risk Measurement in the Credit Card Industry (with Florentin Butaru, Qingqing Chen, Brian Clark, Sanmay Das and Andrew Lo) Journal of Banking and Finance, 72, 218-239. 2016.
  4. Operating Performance and Stock Price Dynamics of Firms Announcing Outsourcing (with Bardia Kamrad and Sandeep Dahiya) International Journal of Operations and Quantitative Management, 21, 175-200. 2015
  5. Monitoring the "Invisible" Hand of Market Discipline: Capital Adequacy Revisited (with Iftekhar Hasan and Xian Sun) Journal of Banking and Finance, 50, 475-492, 2015.

  1. “Greenspan Put” with Bardia Kamrad, Sandeep Dahiya, and Valerio Poti.
  2. “Heterogeneity in Macroprudential Stress Tests” with Mark Flood, Jonathan Jones and Matt Pritsker
  3. “Applied Reverse Stress Testing” with Mark Flood, Jonathan Jones and George Korenko